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baseline model by adding climate-induced fluctuations around the growth trend and stock-pollution effects, demonstrating …
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resources which cause greenhouse gas emissions; pollution stock harms capital and reduces economic growth. We find a big effect … robustness of the results by adding pollution decay and lowering the elasticity of intertemporal substitution which does not …
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subsequently extend the baseline model by adding climate-induced fluctuations around the growth trend and stock-pollution effects …
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Solving major sustainability problems such as climate change and the loss of biodiversity requires overcoming a fundamental dilemma: on the one hand, central decisions on the realignment of the economy and society should be quick and far-reaching, on the other hand, actual decision-makers are...
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